Probability, Part 6: Confidence and (vs) Prediction Intervals

Bayesian Video:

Reason 95% confidence interval does not mean there's a 95% probability of the interval containing the true value:

Learning objectives:

#1. Difference between point estimate and confidence interval
#2. What a confidence interval tells you
#3. What a prediction interval tells you
#4 What a confidence interval can be used for
#5. The correct interpretation of a CI

[HarshitAneja]

How is this channel not famous?? It's amazing!!

[rajatchaturvedi]

This channel is so underrated....keep up the work❤❤

[benmiss]

Okay this is exceptionnal, I got the explanation I was looking for AND I enjoyed a video about statistics 😂 Amazing job !

[rosehoang]

Thank you so much! Finally understand those terms!

[nikhilkumar]

very awesome methodology of explaining the stats concepts.

[ShivamTiwari-onkl]

Bro you're too good. I liked this video as much as I like statquest's videos and that I think is the nicest compliment I could give to anyone. Thank you so much. Please keep posting more such videos.

[KK-tzow]

You are such a bright inspiration! Great job.

[shravone]

This guy is awsome! Best explanation ever!

[vflmjst]

You are funny, man! Thanks for the great vid!

[mayagoldstein]

Hey Dustin,
Is this statement correct?
‘if the p-value is greater than 0.05 = we keep the Null hypothesis = with the probability of 95% we can assume that there are no differences between estimates in the subsamples’ (the p-value was 0.296)
My lecturer wrote it on one of his slides regarding the Andersen likelihood ratio test. How would you phrase it more correctly?

[nobel.z]

Do you mean, as the confidence level gets wider we are less confident and the confident level gets smaller?

[rashawnhoward]

Instead of an infinite number of times could we say: If we did the experiment 100 times, we are 95% confident that the true parameter is in 95 of the CI's?

[jaliu]

your video is very distracting and unconducive to learning. i didn't learn anything from this video. appreciate the effort though, hopefully you can spend the time making more helpful videos.